Tidal Investments LLC Sells 38,469 Shares of American International Group, Inc. (NYSE:AIG)

Tidal Investments LLC lessened its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 78.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,354 shares of the insurance provider's stock after selling 38,469 shares during the quarter. Tidal Investments LLC's holdings in American International Group were worth $754,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AIG. Duncker Streett & Co. Inc. bought a new stake in American International Group in the fourth quarter valued at $25,000. Asset Planning Inc acquired a new stake in shares of American International Group in the 4th quarter valued at $26,000. BankPlus Trust Department bought a new stake in shares of American International Group in the 4th quarter worth about $36,000. Whipplewood Advisors LLC acquired a new stake in shares of American International Group during the 4th quarter worth about $40,000. Finally, Colonial Trust Co SC lifted its holdings in American International Group by 150.2% during the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after purchasing an additional 443 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Performance

NYSE AIG traded up $1.03 during trading on Friday, reaching $84.62. 2,179,896 shares of the company's stock were exchanged, compared to its average volume of 4,410,296. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50 day moving average price of $82.43 and a 200-day moving average price of $78.14. The stock has a market capitalization of $48.77 billion, a P/E ratio of -40.69, a PEG ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the previous year, the company posted $1.25 EPS. Sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.45 dividend. This is an increase from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's payout ratio is currently -67.67%.

Insider Activity

In other news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, the executive vice president now owns 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AIG. Jefferies Financial Group upped their price objective on shares of American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. The Goldman Sachs Group raised their price target on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Wells Fargo & Company boosted their price objective on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Barclays raised their target price on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.12.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.